Last in the trio of tri-motor bombers in the Regia Aeronautica, the CANT Z.1007 Alcione (Kingfisher) was arguably the best of the three as far as conventional level bombing was concerned. It was developed from the commercial Z.506B Airone floatplane and entered service in 1939 where it participated as a night bomber over North Africa, the Balkans and Russia, and as a torpedo bomber in the Mediterranean. Built almost entirely of wood, it was quite unique in the fact that many Z.1007s were altered to incorporate a twin-finned tail despite no change in designation: tt was not uncommon to see a flight of Alciones with both single and twin-fins flying in the same formation. Overall, the Z.1007 was a sound design and a aircraft which was well liked by its crews, it continued to fly after the Italian surrender for both the Allied and Axis air forces.

The prototype Z.1007 was first flown in May 1937 and entered squadron service in late 1939. A small number of the basic Z.1007 were built before development switched to the larger and more powerful Z.1007bis, the main production variant which saw action in most theaters and, as was stated above, flew in both single and twin-finned tail configurations. A final variant, the Z.1007ter with a top speed of over 300 mph, saw very limited production as did an proposed all-metal follow-up, the Z.1018 Leone (Lion).